ECRS

Expense and Cost Recovery System (ECRS) 1 An 'expense and cost recovery system' (ECRS) is a specialized subset of Extract, transform, load|“Extract – Transform – Load” (ETL) functioning as a powerful and flexible set of applications, including programs, scripts and databases designed to improve the cash flow of businesses and organizations by automating the movement of data between cost recovery systems, electronic billing from vendors, and Accounting software|accounting systems.

Expense and Cost Recovery System (ECRS) - Expense and Cost Recovery System 1 The term “transaction”, in an ECRS, is generally referring to a single record of a one-time business exchange incurring debt on the part of one company with a vendor

Expense and Cost Recovery System (ECRS) - Expense and Cost Recovery System 1 An ECRS reduces the amount of manual and administrative effort required to exchange data between those vendors and the clients’ bills. An ECRS also minimizes delays between the capture of cost transactions and electronic billing for various expenses as well as processing automatically into accounting databases.

Expense and Cost Recovery System (ECRS) - Expense and Cost Recovery System 1 However, the detailed transactions can remain in interim ECRS tables or files for subsequent reporting

Expense and Cost Recovery System (ECRS) - Retaining Details 1 An ECRS usually includes a database, set of tables or flat files to retain detailed transactions received from cost recovery systems that control devices such as photocopiers, telephone switches, fax systems, and electronic billing for services such as Courier|courier services, postal services, credit cards, Computer-assisted legal research|legal research, etc. so forth.

Expense and Cost Recovery System (ECRS) - Correcting Exceptions 1 An ECRS normally receives and retains all transactions from the source system or Electronic billing|electronic bills. This includes valid transactions where all data is correct and invalid transactions that have invalid or missing elements. (Note: an ECRS can accept transactions into its database that have all fields valid or a minimum number of valid data elements.) Interactive portions of some ECRS packages allow review, updating and correction of individual costs.

Expense and Cost Recovery System (ECRS) - Correcting Exceptions 1 Reviewing and correcting transactions already in the system is much easier and faster than the traditional method used by non-ECRS practices such as printing out rejections and then manually entering them directly in the billing application

Expense and Cost Recovery System (ECRS) - Correcting Exceptions 1 Non-ECRS processes typically import valid transactions only and generate an exception list of the invalid transactions. The exception list is then printed and distributed to users who correct the invalid data elements by annotating the report. When the annotated reports are completed and returned to the billing or accounting department, the entire transaction must be manually input into the billing system. Using an ECRS eliminates this costly and time-consuming procedure.

Expense and Cost Recovery System (ECRS) - Correcting Exceptions 1 Transactions received into an ECRS are identified with information about the source used to create the cost (i.e

Expense and Cost Recovery System (ECRS) - Automating Exchanges 1 An ECRS can provide the ability to schedule tasks on both the Accounting software|accounting system server and the LAN

Expense and Cost Recovery System (ECRS) - Identifying employees 1 An advanced ECRS includes a number of features that permit a business to control how users are set up in the system.

Expense and Cost Recovery System (ECRS) - Identifying employees 1 'Multiple user identifiers' - Employees can be recorded in an ECRS so that they may have an unlimited number of identifiers that are used with third-party systems to associate them with transactions and/or types of transactions. Identifiers may include telephone extensions, photocopy IDs, cell phone numbers, calling card codes, service account codes, login IDs, and credit card numbers.

Expense and Cost Recovery System (ECRS) - Identifying employees 1 'User activation status' – Better, or higher- level, ECRS applications will retain employee records forever and honor hire and fire dates. This permits a business to enable or disable users based on these dates, which is particular useful for temporary and recurring employees (summer replacements, temporary help, etc.).

Expense and Cost Recovery System (ECRS) - Processing Phone Numbers 1 The better ECRS will allow for custom input of business names at the exchange (XXX-XXX) and number levels (XXX-XXX- XXXX).

Expense and Cost Recovery System (ECRS) - Processing Phone Numbers 1 'Number Default Accounts' – If a phone number or range of phone numbers can often be related to a specific account among a firm’s clients, some ECRS programs can automatically identify that account with the call to be then charged during the processing of call transactions into the billing system.

Expense and Cost Recovery System (ECRS) - Acquiring Files 1 Moving data between the application server and the Local area network|Local Area Network (LAN) is simplified with an ECRS through support for a broad variety of file transfer methods, including serial communications, modem, diskette, or tape for devices not directly connected to the Local area network|LAN, or for processing Electronic billing|electronic bills from vendors.

Expense and Cost Recovery System (ECRS) - Supplying Validations 1 This sort of pre-validation will prevent purging of ECRS tables and, possibly, clean-up in the A/R or billing system.

Expense and Cost Recovery System (ECRS) - Supplying Validations 1 Finally, invalid formats and specific data may be excluded from loads into the billing system, and data received in unacceptable formats may be pre-processed or filtered to create files acceptable for passing through the ECRS.

Expense and Cost Recovery System (ECRS) - Reporting Results 1 Since the detailed cost transactions are stored and retained in the ECRS, reporting on detail and summary level would always be available

Expense and Cost Recovery System (ECRS) - Summary 1 An ECRS allows a company to use one comprehensive solution for managing cost recovery. Combining a fully functional Expense and Cost Recovery System dramatically reduces the administrative overhead and improves the efficiency of recovering firm costs and expenses. With an ECRS, a business is provided with a single focus point of support for small and large firms with a diverse set of cost tracking devices and expenses.

Expense and Cost Recovery System (ECRS) - Interfaces 1 In the legal industry, some standardization has been attempted with Legal Electronic Data Exchange Standard|Legal Electronic Data Exchange Standard (LEDES). In other industries, Xml|Extensible Markup Language (XML) is used as more and more ECRS and Extract, transform, load|ETL applications use World Wide Web|Web interfaces.

Expense and Cost Recovery System (ECRS) - Products 1 These are vendors with ECRS applications, ECRS products and third-party ECRS consultants:

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